Nifty Futures Outlook 7 November 2014

Nifty futures closed at record high for fourth consecutive session. Slew of economic reforms recently announced by the government along with decline in global crude oil prices aided the buying interest of the investors. Nifty futures closed at 8380 with a high of 8312. Nifty for next trading session would have the resistance of 8415 if it breaks this level than having the next resistance of 8490 and in down side having the support of 8360 if it breaks this level than having the next support of 8310.

Trading Strategy- Buy on Dips.

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